Bitcoin – “Things that changed the world”

Thomas Alva Edison invented the light bulb in 1880

which lasted a full 1200 hours with the help of a filament made of Japanese bamboo. This is the moment when the electric light truly entered people’s daily lives. An astonishing development also took place in 1906, when Edison’s General Electric Company became the first company to officially patent a technique on tungsten thread for light bulbs. And today the whole world is brightly illuminated.




In 1903, the Wright brothers made it

for the first time in the history known to us of successfully launching a manned aircraft. The attempt ended after barely 100 metres, but an incredible breakthrough was achieved. Today, more than 200,000 aircraft fly over our heads every day.

 

Konrad Zuse succeeded in inventing the Z1 computer in 1936,

which, however, was still full of logical errors. The Z1 was therefore followed by the Z2 and Z3. At the beginning of the 1980s, the technology was finally mature enough to benefit companies and private users. This led to the boom of the IT industry, which is reflected in the numerous company start-ups (Apple, IBM, Microsoft) at that time. Computers are absolutely indispensable these days.

 

British physicist Tim Berners-Lee

is considered the inventor of the World Wide Web, which he founded in 1990 with the world’s first website. Berners-Lee worked for the European Nuclear Research Laboratory (CERN) in Geneva. There, in 1989, he developed a project that, building on the existing Internet, enabled the worldwide exchange of scientific information through the principle of hypertext. In 1990, the world’s first website went online at the address info.cern.ch. Berners-Lee had inadvertently laid the foundation for a new medium that spread throughout the world at an explosive rate in the following years.



By the end of 2008, the financial crisis was in full swing and felt worldwide.

In September of that year, Lehman Brothers Holdings, then the world’s fourth-largest investment bank, filed for Chapter 11 bankruptcy protection. When the world’s financial infrastructure collapsed, the domain was registered Bitcoin.org. Later in 2008, a person or group under the pseudonym Satoshi Nakamoto published a white paper on Bitcoin on a cryptographic mailing list explaining how the cryptocurrency would work. In early 2009, Nakamoto promoted the first Bitcoin, the so-called Genesis block. Embedded in the programming of this first bitcoin was the text “The Times 03/Jan/2009 Chancellor on the verge of the second bailout for banks”. The text refers to a headline in the British newspaper The Times and is widely regarded as proof of the date on which bitcoin was first mined. The first bitcoin transaction followed soon after, when a bitcoin from Nakamoto was sent to Hal Finney, a cryptography expert. Today, thousands of transactions are made daily with bitcoins and other cryptocurrencies, and the world is only at the beginning of blockchain technology.